AIR INDIA DISINVESTMENT
India plans strategic stake sales in 28 state-run companies - minister
The government has so far raised 173.64 billion rupees ($2.43 billion) in the 2019/20 fiscal year ending in March, against the full-year's target of 1.05 trillion rupees, the minister said in a written reply in the lower house of parliament.
Market ready for consolidation with some downside: Sandip Sabharwal
I do not think there will be either a big downside or a big upside in the...
Govt mulling cutting stake in IOC to below 51%
Indian Oil is the third oil company in which it is thinking of cutting stakes.
Air India may lower prices of its properties to draw more buyers
Airline has managed to sell only 32 of the 111 properties put on the block two years ago.
Long-term compounding opportunities for small cos in media, healthcare and entertainment: Gautam Chhaochharia, UBS
Given the global slodown, Indian slowdown is not a big negative for global investors.
The challenges to turn Air India into an entity attractive to potential buyers
With the govt powering ahead with its resolve to sell the airline, hectic efforts are on behind the scenes to pull it back from the brink, bring it to a manageable shape and then hand it over to a buyer who can turn it around.
Government set to halve Air India baggage before selloff
Govt has raised Rs 22,000 crore through issue of bonds, as it looks to remove key hurdles in AI's privatisation.
Air India to meet unions over privatisation on Monday
The development comes amid the government mulling to issue a preliminary information memorandum (PIM) early next month, which will lay the road map for its exit from the core aviation business.
Air India faces mass resignation ahead of divestment
This comes in the backdrop of the govt's decision to begin the process of divestment of Air India's stake.
Govt likely to float bids for Air India sale next month
EoI inviting bids for 100% stake sale are likely to be floated either this month-end or next month. Bidding for the national carrier, which is sitting on a debt pile of around Rs 58,000 cr, will be carried out through a newly developed e-bidding system.
Civil aviation secretary chairs review meeting of Air India
The meeting comes ahead of the airline's board meet, which scheduled to be held on October 22 for clearing the consolidated account statement for the fiscal ended March 2019. During the meeting the secretary took stock of the situation.
Air India's Boeing plane carries Ik Onkar symbol to celebrate Guru Nanak's birth anniversary
Air India will fly its aircraft thrice a week on the Mumbai-Amritsar-Stansted route to commemorate the 550th birth anniversary of Guru Nanak Dev. The flight will operate on Monday, Thursday and Saturday.
Alliance Air maiden overseas flight commences operations
The wholly owned subsidiary of Air India would fly between the two cities on Mondays, Wednesdays and Saturdays. Alliance Air connects 53 destinations within India with 113 destinations per day. Jaffna is the 54th destination for the airline. Commemorating the launch of the service, Governor of the Northern Provincial Council of Sri Lanka Suren Raghavan took part in the journey.
Oil companies defer decision to suspend fuel supplies to Air India
The decision to defer the move follows Air India making a written request for regular payments with a promise to clear over Rs 5,000 crore in overdue fuel bills. Oil firms had earlier threatened to suspend fuel supply to AI at six airports.
DPIIT, aviation ministry exploring options to ease FDI norms to attract bidders for Air India
There are nine sectors where FDI is prohibited and that includes lottery business, gambling and betting, chit funds, Nidhi company, real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.
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